NewsNovo

Energy Vault guides 2026 revenue to $270 million to $310 million on a backlog nearing $2 billion

8/12/2026

The case for Energy Vault in 2026 starts with a backlog approaching $2 billion.

The company has guided revenue for the year to between $270 million and $310 million, a target that leans on converting that pipeline into delivered projects.

The risk is that backlog and recognized revenue are two different figures, and the distance between them is where project-based businesses most often stumble.

What the backlog signals A project backlog approaching $2 billion is a substantial figure for an energy storage company at Energy Vault's current scale.